Skanska builds new road grade separation in City of Industry, California, USA, for USD 96M, about SEK 845M
Skanska has secured a USD 96M contract with the San Gabriel Valley Council of Governments for the Fullerton Road Grade Separation Project in California. The project aims to lower Fullerton Road beneath existing railroad tracks and includes constructing a six-lane underpass and a bridge spanning Fullerton Road. Construction is set to begin in Q3 2021, with completion expected by Q4 2024. This contract will contribute to Skanska's US order bookings for the third quarter of 2021.
- Contract worth USD 96M will boost US order bookings.
- Project to enhance transportation infrastructure in California.
- Project completion extended to Q4 2024 may delay revenue recognition.
OSTERSUND, Sweden, Aug. 24, 2021 /PRNewswire/ -- Skanska has signed a contract with the San Gabriel Valley Council of Governments to serve as the contractor for the Fullerton Road Grade Separation Project in City of Industry, Southern California, USA. The contract is worth USD 96M, about SEK 845M, which will be included in the US order bookings for the third quarter of 2021.
The project will lower Fullerton Road under the existing Union Pacific railroad tracks in City of Industry, between Rowland Street and State Route 60. Additionally, a six-lane roadway underpass, four-track railroad bridge and a bridge for Railroad Street spanning Fullerton Road will be constructed.
Construction begins in third quarter 2021 with completion expected in fourth quarter 2024.
Skanska is one of the leading construction- and project development companies in U.S., specialized in building construction, civil infrastructure and developing commercial properties in select U.S. markets. Skanska USA had sales of SEK 66 billion in 2020 and had about 7,600 employees in its operations.
CONTACT:
For further information please contact:
Yena Williams, Communications Director, Skanska USA, tel +1 213 514 2918
Jacob Birkeland, Head of Media Relations and Public Affairs, Skanska AB, tel +46 (0)10 449 19 57
Direct line for media, tel +46 (0)10 448 88 99
This and previous releases can also be found at www.skanska.com.
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20210824 US road grade separation |
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SOURCE Skanska
FAQ
What is the value of the new contract signed by Skanska for the Fullerton Road project?
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